Lu Bing and Suzhou Jianlong Zaitian Enterprise Management Partnership Enterprise (Limited Partnership) agreed to acquire 55% stake in Huaxiao Precision (Suzhou) Co., Ltd. from CSG Smart Science&Technology Co.,Ltd. (SZSE:300222) for CNY 79.1 million on January 5, 2024.Deal consideration will be made in the form of Total payment of CNY 23 million in equity and creditor rights worth CNY 56.1 million in 2 installments with 2nd installment Within 9 months since the completion date. As part of the transaction, Lu Bing shall acquire 35% stakes and Suzhou Jianlong Zaitian Enterprise acquire 20% stakes. Transaction has already been approved by CSG Smart Science& Technology's board of director's. Huaxiao Precision (Suzhou) Co., Ltd reported Total assets worth CNY 246.7 million on October 31, 2023